Mid-Incomers Suffer in Polarized U.S. Job
Market: Economy

U.S. workers in the top and lower income brackets are benefiting
more from the economic recovery than are those in the middle,
according to economists at Wells Fargo & Co. and JPMorgan
Chase. The highest-paying jobs, which employ approximately 15% of
all workers, have accounted for 20% of the job gains since the
recovery began, while lower-paying jobs have accounted for 46% of
job gains in the same period. Technology has allowed companies to
replace middle-income “routine labor” jobs, such as
bank tellers.

“Companies have been driving, and continue to drive, for
increased productivity, to do more with less, and the tool to do
that is technology improvement,” says Jonas Prising,
president of Americas for Manpower Inc. “What are getting
squeezed are the well-paying jobs with lower-skill levels that
used to give a middle-class income.”

To aid with recruitment and retention, staffing firms and their clients should consider offering the types of training that employees value most. Learn more about the latest ASA Workforce Monitor® survey findings and download infographics at americanstaffing.net/workforcemonitor. See the Staffing Stat ›

ASA Staffing Today is published by the American Staffing Association, with news abstracts copyrighted in 2015 by Information Inc., Bethesda, MD, and all other content copyrighted in 2015 by ASA. No part of this publication may be reproduced without permission.